All Article articles – Page 299
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ArticleEXCLUSIVE: Provision of company car benefits shows slow growth since early 2018
EXCLUSIVE: Although the provision of company car benefits is still increasing, this is an area of slower growth than many other aspects of reward, according to research by Employee Benefits.The Benefits research 2019, which surveyed 290 HR decision-makers and was published in May 2019, found that the total number of ...
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ArticleThink tank proposes increases to wages and annual leave to boost UK’s productivity
Image credit: NEFBritish think tank the New Economics Foundation (NEF) has proposed that minimum wages and statutory paid holiday entitlement be increased in order to improve the UK’s productivity.The Time for demand: Boosting productivity with public investment, minimum wages and paid holiday report, published in August 2019, suggested that bolstering ...
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ArticleEXCLUSIVE: University of Lincoln to discuss saving habits at Employee Benefits Live
EXCLUSIVE: Natasha McLaren (pictured), pensions and benefits manager at the University of Lincoln, will discuss how employers can encourage younger staff to develop and build savings habits at Employee Benefits Live 2019.Her session, titled ‘Engaging a new generation of workers’, will be delivered in conjunction with Emma Codd, global special ...
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ArticleCadbury UK completes pensioner buy-in transaction worth £520 million
Confectionery organisation Cadbury UK has completed a pensioner buy-in transaction for its defined benefit (DB) pension scheme, totalling £520 million.The transaction, completed with Rothesay Life, insures the pension liabilities for approximately 1,900 pensioner members of the Cadbury Mondelez Pension Fund; the bulk annuity will be held as an asset of ...
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ArticleEXCLUSIVE: The majority of organisations do not offer personal insurance benefits
EXCLUSIVE: Most organisations do not provide personal insurance benefits, and few plan to begin, according to research by Employee Benefits.The Benefits research 2019, which was published in May 2019 and canvassed the views of 290 HR decision-makers, also found that of those personal insurance benefits offered by employers, travel insurance ...
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ArticleGatwick Airport to introduce bus service for 20,000 on-site employees
West Sussex-based Gatwick Airport has announced that it will be introducing a new shared bus service for the 20,000 individuals working on-site, 2,500 of whom are employed directly by the airport itself, to provide a more cost-effective, stress-free and sustainable commute.The new bus service, provided by Zeelo, has been designed ...
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ArticleFifth Third Bancorp to increase minimum wage to $18 an hour
Ohio-based financial services organisation Fifth Third Bancorp will increase its minimum hourly wage to $18 (£14.86) an hour from 28 October 2019.The pay increase, which is not applicable for employees who work on a commissioned basis, is expected to benefit approximately 4,900 staff members, primarily employed in the organisation’s retail ...
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ArticleEXCLUSIVE: Rightio launches new benefits platform for 130 staff
EXCLUSIVE: Plumbing and electrical services organisation Rightio has launched a new benefits platform for its 130 UK-based employees.The platform, provided by Xexec, was implemented on 1 July 2019 with the aim of offering additional value to Rightio’s employees, which include on-the-road engineers and call centre staff.The new platform, which is ...
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ArticleBird's brainstorm: Perks pale when staff still fight for fair pay
At Employee Benefits, we spend much of our time considering the balance of importance between financial rewards, exciting perks, and the deeper culture of an organisation. The argument increasingly lands on the side of saying that, while pay is an important hygiene factor, it is not the be all and ...
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ArticlePrince of Wales and Duchess of Cornwall search for senior HR adviser
Something for the weekend: Seasoned HR professionals are being given the opportunity to become reward royalty with the latest job posting from St James’s Palace.The Prince of Wales and Duchess of Cornwall are on the hunt for a senior HR adviser to join their household on a fixed term contract ...
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ArticleThe top 10 most read stories: 1-7 August 2019
The top 10 most read stories on www.employeebenefits.co.uk between 1 and 7 August 2019 were: Towie stars boycott ITV summer party in pay disputeBritish American Tobacco completes pension buy-in transaction worth £3.4bnHalf of employees suffer workplace stress and anxiety during summerDepartment of Health and Social Care to consult on changes ...
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ArticleCourt of Appeal dismisses holiday pay case in support of teacher
The Court of Appeal has dismissed a case brought forward by the Harpur Trust on behalf of Bedford Girls School concerning the holiday pay of a music teacher on a zero-hours contract.The court, which issued its judgment on Monday 6 August 2019, confirmed that staff employed on a zero-hours contract, ...
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ArticleTPR prosecutes recruitment agency for pensions non-compliance
The Pensions Regulator (TPR) is prosecuting Hertfordshire-based SKL Professional Recruitment Agency and its managing director for allegedly failing to enroll the organisation's 22 employees into a workplace pension.SKL Professional Recruitment Agency, which provides staff in the care sector, and 54-year-old managing director Linus Kadzere are accused of willfully failing to ...
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ArticleHSBC completes pension longevity swap worth £7 billion
Banking organisation HSBC has completed a pension longevity swap transaction with The Prudential Insurance Company of America (PICA), to insure approximately £7 billion worth of pensioner liabilities.The transaction, which is the second largest deal of its kind confirmed for a UK pension scheme, has been designed to manage the longevity ...
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ArticleHSBC completes pension longevity swap transaction worth £7 billion
Banking organisation HSBC has completed a longevity swap transaction with The Prudential Insurance Company of America (PICA), to insure approximately £7 billion worth of pensioner liabilities.The transaction, which is the second largest deal of its kind confirmed for a UK pension scheme, has been designed to manage the longevity risks ...
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Alice Honeywill: Will a bonus for new mothers sufficiently address the gender pensions gap?
I read with interest the June 2019 report that consumer association Which? published in collaboration with the Pension Policy Institute (PPI) entitled Top up the pots: Achieving adequate retirement incomes with automatic-enrolment.The reports looks at a variety of different areas, with one suggestion in particular that the state should award ...
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ArticleTim Pike: Will a bonus for new mothers sufficiently address the gender pensions gap?
Gender inequality in pension saving leads to an imbalance of finances within families and risks leaving women vulnerable at particularly sensitive times.Mothers who have not worked, but have instead taken time to raise a family, rate their financial wellbeing worse than any other group, according to the Wellbeing, health, retirement ...
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ArticleGareth Shaw: Will a bonus for new mothers sufficiently address the gender pensions gap?
The gender pension gap, which sees women retiring with less money than men, is rooted in a number of different issues. One of the main driving forces behind this, though, is the motherhood pension penalty.Automatic-enrolment into workplace pension schemes has been hugely effective in encouraging people to save for later ...
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ArticleEXCLUSIVE: Only 10% do not currently offer mental wellbeing support to employees
EXCLUSIVE: Only 10% of respondents do not currently offer any form of mental wellbeing education or support, according to research by Employee Benefits.The Benefits research 2019, which surveyed 290 HR decision-makers and was published in May 2019, found that the number of organisations that do not offer mental wellbeing support ...
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ArticleLincolnshire County Council health visitors continue industrial action in pay dispute
Health visitors, trained nurses who attend patients at home, employed by Lincolnshire County Council and who are members of the trade union Unite, are hosting demonstrations over the next three days, in relation to an ongoing pay dispute.The demonstrations are to take place today (Wednesday 7 August 2019) at Marshall's ...